20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

Consolidation

This topic has 3 replies, 3 voices, and was last updated 11 years ago by karmuks.

Viewing 4 posts - 1 through 4 (of 4 total)

Author
Posts
March 20, 2013 at 8:18 am #120118
arushi79
Member
- Topics: 2
- Replies: 3
I need to know that in stock trading with Associate if associate seller and parent buyer, so y closing stock Cr means reduced? Plz reply
March 20, 2013 at 10:00 pm #120150
danielglover
Member
- Topics: 13
- Replies: 100
Sorry, I don’t understand the question. Please explain another way.
March 21, 2013 at 6:26 pm #120293
arushi79
Member
- Topics: 2
- Replies: 3
Double entry of intra group trading with Associate( if associate is seller) is CR (dr) n stock (Cr) . Here parent is buyer so closing stock should increase but y we crediting stock?
March 25, 2013 at 2:23 pm #120566
karmuks
Member
- Topics: 29
- Replies: 109
I think when profit is reduced then cost of sales should be reduced too. Stock is made from opening inventory + cost of sales – closing inventory. Maybe someone can explain better.
Author
Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.